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Measuring Poverty Scenario A Meet Bastian. He is 27 years old and is super thrifty so he lives with 3 other guys in San Diego,
Measuring Poverty Scenario A Meet Bastian. He is 27 years old and is super thrifty so he lives with 3 other guys in San Diego, CA. After high school, Bastian served in the Navy. Bastidn has done a few semesters at community college but has not completed any sort of degree and instead works full-time in IT. He enjoys going on hikes, playing video games, and spending time with his new kitten. He is somewhat forgetful so below are some of Bastidn's monthly finances. Paycheck $3500 Income Taxes $520 Rent $300 Utilities $20 Gas/Automobile $80 Groceries/Food $150 | One day, Bastian was called and asked, "what is the bare minimum annual income you think you need to live comfortably?" He replied $36,000. Furthermore, some economists determined that his NEC = $34,000 and the Official USDA Food Plan costs $2,400 annually in San Diego. From this information, determine his poverty status for each poverty measure we discussed in class. Think about what is included in "resources" and what is the threshold for each measure. OPM SPM Potential Consumption | Self- Relative Income Based Assessment Poverty Measure
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